For more information about QVR Advisors CONVEXITY ALPHA and custom EQUITY HEDGING please contact Scott Maidel, Partner, Head of Hedge Funds Business at Scott.Maidel@qvradvisors.com Meet with us in San Francisco, California, Las Vegas, Nevada and West Palm Beach, Florida.
FEATURED RESEARCH CONTENT
A SCORECARD METRIC FOR ALTERNATIVES, AND WHAT COULD GO WRONG?
EVOLUTION OF DERIVATIVES MARKETS AND ARBITRAGE
FEATURED STRATEGY CONTENT
DERIVATIVE INCOME…? DEFENSIVE EQUITY…? HEDGED EQUITY…? ARE YOU BEING MISLED?
NEXT GEN HEDGED EQUITY = REAL ALPHA + BETA
HAVE OPTION SELLING STRATEGIES SUPPRESSED IMPLIED VOLATILITY?
OPTION SELLING HAS BECOME CONSENSUS: ITS IMPACTS
COMMON HEDGING DISCUSSIONS PART 2: TAIL HEDGING RETURN MYTH DEBUNKED
In this Common Hedging Discussions Part 2, we seek to debunk the myth associated with long-term, strategic
tail hedging programs being detractors from long-term portfolio performance.
COMMON VOLATILITY RISK PREMIUM (“VRP”) DISCUSSIONS
This note discusses the concept, role and effects of end user adoption of volatility risk premium (“VRP”) strategies.
Specifically, option selling strategies such as call-overwriting and cash-secured put writing as these have been
broadly evaluated and adopted by many institutional investors.
EVOLUTION OF DERIVATIVES MARKETS & ARBITRAGE
This note traces that evolution of the history of the derivatives markets from a relative value volatility arbitrage
manager’s perspective, pointing out the risks and opportunities that each cycle has brought.
COMMON HEDGING DISCUSSIONS
This note discusses the role that tail hedging plays in a long-term asset allocation. Its focus is on the
counterintuitive insight that hedging strategies with negative long-term expected return, when added into an asset
allocation framework that is rebalanced regularly, can result in higher long-term compound rates of return. This is
not a novel insight, but in our experience, it is an extremely underappreciated point.